23. Nanne Dekking: Fractionalized Art Ownership Onchain
About this episode
Welcome to EARLY, the podcast about web3 business from Bankless Consulting.
DSide's guest today is Nanne Dekking, the co-founder and CEO of Artory. Nanne is a renowned figure in the art world, known for his expertise in art history, art finance, and investment. He has played significant roles in prestigious institutions, advisory firms, and auction houses, including serving as Wildenstein & Co.'s vice president and holding the portfolio of assistant curator of the Historical Collections of Her Majesty, The Queen of The Netherlands. Dekking's passion for art and his deep understanding of the industry led him to establish Artory in 2016. The platform utilizes blockchain technology to bring transparency and authentication to art transactions, aiming to bridge the gap between the traditional art market and modern financial systems.
In the podcast, D-Side and Nanne explore "Trust Information" in the art and collectibles market and how it encompasses various elements that establish the authenticity, provenance, condition, and value of artworks. They examine how Artory recently started collaborating with Tokeny, a company specializing in blockchain-based compliance frameworks, to improve asset liquidity and the significance of Artory's joint venture with the Winston Art Group to offer higher echelon art a more comprehensive data set.
D-Side and Nanne then delve into the role that NFTs play in the art world, where they fit, and how they could potentially be leveraged in traditional artwork. They touch on the impact of the recent NFT boom and bust cycle, the lessons that can be learned from it, and the value of solely digital art. The episode concludes with the two discussing the role that blockchain technology and trust information can play for traditional art in regard to fractional ownership and the potential for collateralization of high-echelon art pieces. Nanne explains how he is ultimately trying to build the infrastructure that will allow financial institutions and insurance agencies the ability to seamlessly unlock art collateralization for owners.
***Timestamps***
0:00 - Guest Background
1:34 - Nanne Dekking History
10:03 - Trust Information
17:15 - Joint Venture with Winston Art Group
20:26 - Fractionalized Ownership of Artwork
24:30 - Collateralization of Artwork
31:10 - NFTs
40:15 - User experience for Artory
47:20 - Challenges to the Art World
53:45 - Final Thoughts
***Additional Resources***
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Artory - Website
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Winston Art Group - Website
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Tokeny - Website
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